Digital Textile Printing Machine Market - Introduction
- Digital textile printing machines are the latest innovation in the textile industry. The machine uses computer software to print designs and graphics on the fabric.
- Digital textile printing machine enhance the designing efficiency, increases number of units produced, and ensures cost effective production. These machines also improve creativity by providing flexibility in printing of different designs and colors which is not possible with manual work.
- Increasing competition of in the textile industry in terms price and volume, and growing fashion awareness across the globe, is one of the major driving factors in the market. Competitive advantage provided by digital textile printing machines is a major factor which is driving the growth of the market.
- Market players in digital textile printing machine market are making efforts to improve the speed of printing machines in order to increase the output and reduce overall operational cost.
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Key Drivers of the Digital Textile Printing Machine Market
Increased demand for enhanced productivity in the textile industry an important factor driving the growth of digital textile printing machine market
- The global textile export market is growing at a significant pace. According to the Federation of Indian Chambers of Commerce and Industry, global textile and apparel trade is expected to reach US$ 1,600 Bn by 2025. Huge growth has been witnessed in the production base in various countries including U.S. and Europe, and Asia Pacific, due to low cost of manufacturing. Textile manufacturers are looking for options which can further lower the cost of production. Digital textile printing machines have the capability to increase the units produced with faster and flexible printing options, and help in reducing the production cost. Growth of this market is expected to be high due to this benefit offered by digital textile printing machines.
Growing fashion awareness across the globe pushing the demand for digital textile printing machines
- Textile manufacturers are looking for machines and technologies which can help them improve the designing aspect of clothes and provide flexibility in choosing the type and color of the materials due to the growing awareness about clothing and the apparel industry. Demand for the machines is expected to grow across the globe owing to the advantages offered by digital textile printing machines in terms of flexibility to choose the design and material.
India to dominate the digital textile printing machine market in Asia Pacific in terms of growth rate
- The digital textile printing machines market is expected to expand at the highest rate in the Asia Pacific region due to the major textile market in India and China
- India is the 2nd dominant textile exporter in the world after China
- Manual hand prints are famous in India currently. The digital textile printing machines market is expected to grow at a good pace with the increase in awareness and technological knowhow in the Indian textile industry.
- The global digital textile printing machines market in the Asia pacific region is thus expected to expand at the highest rate
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Digital Textile Printing Machine Market - Competitive Landscape
The top five players are expected to account for 20% to 25% share of the global digital textile printing machine market. A few of the key players operating in the global digital textile printing machine market include:
- SPGPrints Group
- Sawgrass Technologies, Inc.
- Kornit Digital Ltd
- Durst Group
- Electronics for Imaging, Inc.
Global Digital Textile Printing Machines Market Segmentation
Global Digital Textile Printing Machines Market, by Type
Global Digital Textile Printing Machines Market, by Region
- North America
- Middle East & Africa (MEA)
- Asia Pacific
- South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.